$750m secured credit facility

Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility.

Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility.

Norwegian Cruise Line Corp. Ltd. on Monday announced a $450 million senior secured notes offering and a new $750 million senior secured revolving credit facility.

The offering should begin when the new funding for the credit facility is obtained, the company said. The notes, which will mature in 2016, and the credit facility will be guaranteed by some of the company's subsidiaries.

The company expects to use the net proceeds from the offering and initial borrowings under the new credit facility to pay down some current debt.